November 20, 2012

UK, 1801

In February 1801, Richard Knight sold 800 Troy Ounces of platina to Messrs. Wollaston & Tennant for 4s./ozt., nearly double the average bulk-rate   

The London Price appears to more than double the estimated Cartagena wholesale price  (S$7./libra.) This was more than 25% higher than Wollaston's average price paid.

1801: 1 Troy Ounce platina (Knight's resale, mkt?)  = £ 0.20 (S$ 1.2225)

October, 1801: 1 Troy Oz. platina (specimen rate @ Choco)  = S$ 0.5408 (£ 0.1217)
1801: 1 Troy Oz. platina (Cartagena Mkt) ~ S$ 0.4731  0.0774)











Russia: 1798

c.1798/9: Count de Mussin Puschkine offered to reveal his method of amalgamating platinum sponge for 150 Фунт ( =61.43 kgs., or 1,974.93 Troy Oz.) a request likely directed to the Russian or Spanish Crown rather than any contraband trader. (He disclosed an already known method using mercury in 1800.)  What was the 1798 St. Petersburg cost in Silver Roubles for 1,975 Troy Oz. Spanish platina?

In 1793, the French government paid L.T. 2,716.50 for 1,781.35 Ozt, equivalent to L.T. 3,011.71 (1798: руб 803.11) for 150 Фунт, or L.T. 20.08/Фунт.
  
In 1795, the French government was charged L.T. 7,700 for 14,790 Oz, equivalent to L.T. 1,028.22 (1798: руб 274.19) for 150 Фунт, or L.T. 6.85/Фунт.

In 1795, at the Market-Price S$ 8./Libra, 1,975 Ozt cost L.T. 4,086.4 (1798: руб 1,089.71), or L.T. 27.24/Фунт.  

At L.T. 1 = руб 0.267, if 150 Фунт (1,975 Ozt) cost ~ L.T. 24/Фунт, (1798: руб 6.40/Фунт)
was likely 960 руб Ag, ~ 1,315 руб Acc.   

If correct, Count de Mussin Puschkine valuation for 150 Фунт was ~1,000 руб.

1798: 1 Troy Ounce Platina (SPb: L.T. 24/Фунт) = L.T. 1.823
1798: 1 Troy Oz. Platina (SPb: руб 6.40/Фунт) = руб 0.486


1798: 1 Troy Oz. Platina (Paris: Est. 70% ore, retail) = руб 3.25
1798: 1 Troy Oz. Platinum (Paris: Producer Price, Retail Mfg) = руб 16.85 - 18.20

At purity, 1,975 Ozt of 70% ore reduces to 1,382.45 Ozt.  (This does not factor any labor, manufacture/trade fees.) 

1798: 1 Troy Oz. Pt (Colombian ore, .999 Pt) = руб 0.694
1798: 1 Troy Oz. Pt (Labor) = руб 13.55 
1798: 1 Troy Oz. Platinum (Rough Guess) = руб
 


Reported Wien, March 1800:


Mussin-Puschkin's offer was reported in English journals, July 1800:



In 1804, Count Mussin-Puschkin inserted himself into the Chevenix-Wollaston Palladium Controversy. Unless he was lying outright - a distinct possibility - he mentions a large platina purchase, (in 1802) by British mineral dealer for the Russian State (in St. Petersburg) and then on two subsequent occasions, bulk sales by the Count (back to?) said dealer. 

Let alone the effort of teaching someone the platinum working skills, the time required to process the platina and convey the Palladium thence to a relation in London is abit absurd. 

Mussin-Puschkin's claim of having held large amounts of Platinum c.1802 is of interest, at any rate.  There was a platina demand in St. Petersburg, and trade in the Colombian ore.

Citation: The Action of Carbon on Palladium Thomas Wood (1859) p.10


Citation: Neues Allgemeines Journal der Chemie, Vol. 4 p.450






France, 1799


c.1799?: British copy of the French Meter (Mètre des Archives)



c.1799:

 Credited to Étienne Lenoir, the 1799 Platinum Meter was actually metal from refiner Marc Étienne Janety and calibrated by Nicolas Fortin.



http://www.histoire-image.org/photo/zoom/arc25_sys_02f.jpg

Duvivier Campo-Formio Medallion:
Diameter 3.5 cm 
Weight: 2.50 Ozt, 77.76 g.










Weight: 2.35 Ozt, 73.1 g.

Citation: Catalogue of the First Portion of Greek, Roman, and Foreign Medieval Coins and medals collected during the last 50 years by the late Thomas Thomas Esq., Sotheby & Co. Auction 7/8/1845



"a recent sale at Christie's (23 July 1965 or 1 March, 1966) , when Lord Margadale sold the coins and medals collected by his grandfather, Alfred Morrison, there is no less interest in commemorative medals of the past. Fig.3 for instance, a platinum medal dated the year 6 of the Revolution showing Napoleon as General-in-Chief of the army in Italy and commemorating the peace in that year, made £.650. {USD$ 233. - 231.73} The artist is Duvivier. The reverse, the mounted conqueror crowned with a laurel wreath by, I presume, Victory, is no doubt banal enough in its severe neo-classic manner; it is interesting though, that, according to the inscription, it is not the nation which is expressing its thanks, but "Les Sciences et Les Arts Reconnaissants..."


7/24/1965-3/1/1966: 1 Troy Oz. Platinum (Numismatic Rarity) = $ 725.45 - 729.29

1965-6: 1 Troy Oz. Platinum (Bulk) = $100.
The exchange was erratic 1799-1800. (1799: £ 0.0375 ;  4 June 1800: £ 0.0466 = 1 Fr.; 4 June 1800: £ 0.0466 = 1 Fr.) 

October 16, 2012

UK, 1913: Fused Iridium

1913: 1 Troy Oz. Iridium (NY mkt) ~ USD$ 74. - 75.
1913 : 1 Troy Oz. Iridium (UK mkt) ~ £ 16. - 17 (USD$ 79. - 84.)

Tasmania: Geological Survey Bulletin - Issues 17-20 (1914)
"According to this year's price-lists buyers of fused iridium offer £16 to £17 per oz. The price, however, varies greatly with the quantity offered."

1913: 1 Troy Ounce platina (Colombian ore, intrinsic) ~ £ 8.1 (USD$ 39.45)

Citation: Quito to Bogotá ; Arthur Clifford Veatch (1917)




October 13, 2012

US Platina, By Purity

US platina

Citation: U.S. Geological Survey professional paper



California, c. 1900



Citation: U.S. Geological Survey



Oregon

October 11, 2012

UK, 1912

1912: 1 Troy Ounce Platinum (London) = £ 9.50

Citation: The Platinum Metals ; Arthur Douglas Lumb (1921) p.16



Wartime price controls in effect.

Italy, 1916

From 1912 - 1916, the inflation rate of London 'official Platinum Price' was 52.63%.  The New York Platinum Price rose 97.5%.  Ettore Mollinari (or the translator of the 1919 4th Edition) suggests the actual Italian Platinum Price inflation-rate was 232.4% .

In 1912, the Lire/Sterling exchange was ₤ 23.83 : £ 1. (₤ 1. : £ 0.03871) and January 1917, the Lire/Sterling exchange was ₤ 32.78 : £ 1. (₤ 1. : £ 0.03051), so the Lire inflation rate of London Platinum should have been ~ 93.7%.

1912: 1 Troy Ounce Platinum (@ London, refined ingot?) = £ 9.50 (₤ 245.4)  
1916: 1 Troy Ounce Platinum (@ London, refined ingot?) = £ 14.50 (₤ 475.3)

1916: 1 Troy Ounce Platinum (Genoa Price) ~ £ 24.88 (₤ 816.)

Citation: Treatise on general and industrial inorganic chemistry, Vol. 1 ; Ettore Molinari, Thomas Henry Pope p.853


From 1912 to March 1916, Copper ingot @ Genoa rose 142% ; the equivalent price increase @ NYC was 125.72%.  From the 1912 base Price/Exchange, the equivalent price increase @ Genoa was 238.8% and @ NYC 195.4%.

1912: Base Price per Metric Centner of Copper in Ingots
100 kgs @ Genoa:  ₤ 185.96 (USD$ 35.89) ; @New York: USD$ 33.10  (₤ 171.49)

March, 1916: 3/1916 Price per Metric Centner of Copper in Ingots
100 kgs @ Genoa: ₤ 450. (USD$ 69.21) ; @New York: USD$ 59.54 (₤ 387.09)

Assuming the Lire/USD exchange (1912: ₤ 1. = $ 0.193; March 1916: ₤ 1. = $ 0.1538;
December 1916: ₤ 1. = $ 0.1502)

1912: 1 Troy Ounce Platinum (NY Ingot Price) = USD$ 45.50 (₤ 235.75) 
March, 1916: 1 Troy Oz. Platinum (NY Ingot Price) = USD$ 90.75 (₤ 590.)
December, 1916: 1 Troy Oz. Platinum (NY Ingot Price) = USD$ 86.87 (₤ 578.4)



1916: Depreciation of the lire and inflation of imports in lire



July 1916 - July 1917:


Foreign Exchange in NYC: Lire in USD$


Foreign Exchange on the Swiss Franc




January 1917: Lire on London

October 10, 2012

France, 1867

DSQ

Where $ 1. = Fr. 5.1625 (Gold) and USD$ 1. = Fr. 3.835 - 3.598 (Avg. USD$ = Fr. 3.735)


Demidoff's Poud-Rate for Paris-delivery Russian Platinum @ 3,100 руб was 189.25 руб /Kg.
(Sept.: Fr 643. - 648.) per kilogram of refined ingot.  Paris delivery raised the price 25%.

1867: 1 Troy Ounce Platinum (Paris: Ru Pt .999) = Fr. 20. - 20.16 (~USD$ 5.735)

At the SPb Mint, the Funt-Rate for Russian platina @ 1,680.8 руб/Poud was 102.61 руб/Kg.
(Sept.: Fr 348.54 - 351.40) per kilogram of ore.

1867: 1 Troy Oz. Pt (SPb: Ru Pt .999) = Fr. 10.84 - 10.93 (~USD$ 2.91)

At the SPb Mint, the Funt-Rate for SPb Russian Pt @ .999 = 2,025 руб/Poud was 123.63 руб/Kg. (Sept.: Fr 419.93 - 423.38) per kilogram of ore.  

1867: 1 Troy Oz. Pt (SPb: Ru Pt .999) = Fr. 13.06 - 13.17 (~USD$ 3.51)

Assuming SPB refining cost руб 12./Funt (Fr. 3.11/Ozt), the Funt-Rate for SPb Russian Pt @ .999 = 2,505 руб

1867: 1 Troy Oz. Platinum (SPb: Ru Pt .999) = Fr. 16.16 - 16.29 (~USD$ 4.34)

1867: 1 Troy Ounce Platinum (Paris: Ru Pt .999) = Fr. 23.55  (~USD$ 6.30)
( 5.89 руб = US Gold $ 4.41; USD$ 6.107)

At the SPb Mint, the Funt-Rate for SPb Russian Platinum @ 2,500 руб/Poud was 152.62 руб/Kg. (Fr 610.48) per kilogram of Platinum Sponge/Ingot.

1867: 1 Troy Oz. Platinum (Paris: Ru Pt .999) = 5.89 руб ; Fr. 23.55
= US Gold $ 4.41; USD$ 6.107

Where the "livre"/Фунт (=13.166 English Troy Ounces)

1867: 1 Troy Oz. platina (SPb: ~83% ore, Whols.) = 3.1915 руб (~ Fr. 12.77)

= $ 2.39; USD$ 3.31 
1867: 1 Troy Oz. Pt (SPb: Ore @ .999, Whols.) = 3.8452 руб (~ Fr. 15.39)
= $ 2.88; USD$ 3.99

1867: 1 Troy Oz. Platinum (SPb: Semi-Mfg, Whols.) = 4.75 руб (~ Fr. 19.)

=$ 3.56; USD$ 4.93

1867: 1 Troy Oz. Iridosmine (SPb: PGMs, Whols.) = 6.20 руб (~ Fr. 24.79)
1867: 1 Troy Oz. Platinum Black (SPb: PGMs, Whols.) = 0.7291 руб (~ Fr. 2.92)

Citation: Paris Universal Exposition, 1867: Report upon the Precious Metals... ; William Phipps Blake, Reports of the US Commissioners (1869)





1858: 1 Troy Oz. platinum (Ore @ Choco, Whols.) = Fr 21.77  (USD $ 4.25)
1859: 1 Troy Oz. Platinum (Mfg, Trade)  = Fr  31.10 - 38.88 (USD$ 5.98 - 7.47)

1867: 1 Troy Oz. Platinum (Mfg, Trade)  = Fr 34.29  (USD$ 9.18)

1867: 1 Troy Oz. Platinum (Mfg, Whols./Retail)  = Fr 46.65  (USD$ 12.48)
1867: 1 Troy Oz. Platinum (Mfg, Whols./Ret.)  =  Fr 62.20 (USD$ 16.65)

1866: 1 Troy Oz. Platinum (wholesale, unmanufactured, St. Pb?) = Fr 13.84 - 14.


The 1862 Ingot produced in collaboration by Johnson, Matthey/ Deville &Debray actually weighed 3,215 Ozt ; almost precisely 2 Zoll-Centners (von Wagner's error: +⅓)

 *) At the International Exhibition of 1862, the firm Johnson, Matthey u &Co. in London exhibited a massive, 2 1/3 Centner heavy block of pure Platinum (in value of FFr. 85,000.), completely fusing platinum according to the refining process by Deville and Debray, the largest mass in history.  

**) A Concentrating Still  for Sulfuric acid (from Matthey) for daily concentration of 8 tons (= 160 Ctr.) Sulfuric acid costs at Johnson Matthey & Co. FFr. 62,500; a boiler for 5 tons (= 100 Ctr.) FFr. 41,000. The latter required to boiler has a platinum metal value of Fr. 27,500.

Citation: Die chemische Technologie: als Leitfaden bei Vorlesungen an Universitäten, technischen Lehranstalten, sowie zum Selbstunterricht; Johann Rudolf von Wagner (1868) p.101

Labor Price Indicated



2.33 Zoll-Centner = 257.17 Lbs avd. ~3,750 Ozt




Godart and Labordenave manufacture, tableware

 1867: 1 Troy Oz. Platinum (Mfg, Trade)  = Fr 36.29  (USD$ 9.71)

soldered platinum tips for lightning rod which cost only 1/3 of the price of gold (~Fr 106.82: Fr 35.61), platinum fruit knife with silver handle (weighing 36 gr. in platinum, costing 42 Fr.), platinum-plated copper crucibles (by weights for around half the price of platinum dishes)

Citation: Bericht über die Welt-Ausstellung zu Paris im Jahre ..., Volumes 2-3; Volume 6  Universal Exhibition (1867, Paris) p.264




Platinum instruments were twice the price of Silver and half the Price of Gold.

Citation: L. Mathieu, fabricant d'instruments de chirurgie &c;  L. Mathieu (1867)
 





At Trade-Retail, intrinsic Platinum was 4.286x the Price of Commercial Silver.  The manufacturing price was additional ("façon en sus" = additional charge, unstated.) 

1867: 1 Ozt. Platinum (Semi-Mfg, Trade-Retail)  = Fr 46.66 (USD$ 12.49)
1867: 1 Ozt. Silver (Semi-Mfg, Trade-Retail)  = Fr 10.886 (USD$ 2.91)  

Citation: Catalogue et prix des instruments de physique, de chimie, d'optique, de ... M Breton (1867), pp.















1867: 1 Troy Oz. platina (ore, whols.)  = 2.67 руб (Gold $ 2.00 Gold; $2.77) 
1867: 1 Troy Oz. Platinum (semi-mfg, whols.)  = 3.97 руб (Gold $ 2.98; $ 4.12)

Citation: Catalogue special de la section russe la l"exposition universelle ..., Vol. 1 (1867) (1867), p. 129



1867:  1 Ingot = 13,000 Francs





Possibly dated UK price, dubious.

Citation: Leçons élémentaires de chimie, Part 2;  Faustino Giovita Mariano Malaguti (1868) p.573

"Le platine coûte à peu près 27 francs les 31 grammes"

Belgium:

Resale of an 1861 Platinum Boiler (28.26 Kgs, 908.6 Ozt) by
Vander Elst, a sulphuric acid manufacturer.




Paris Exhibition, 1867: Ruthenium Ingot, 2kgs

1867: 1 Troy Ounce Ruthenium (Paris: Rh .999) = Fr. 622.07




July, 1867: French Platinum Coinage idea rejected.

Platinum Foreign Manufactures, 20% Tariff